Our pivot point stands at 1236.
Our preference: the downside prevails as long as 1236 is resistance.
Alternative scenario: the upside breakout of 1236, would call for 1273 and 1296.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1209 and 1215).
Supports and resistances:
1296 **
1273 *
1236 **
1221
1206 last
1161
1138 **
1116 *
1093 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 12-28-2022 at 04:24 UTC+1
Price reference: 1206 last known on 12-28-2022 at 04:24 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf